This is more for investors than for traders...

We look at the 1 week chart here. As we can see, we have a very strong support here, last broken in 1998 . If we look at it as a longterm channel, price will keep rising for a few more weeks / months.

Always keep in mind, the past is no indicator for the future. If you enter, I would tell you to take a very small bet in the beginning and raise it as price goes up.

And for this one, think like Warren Buffet does, in loooooooong terms!


Always do your own research, don't simple just trust me. As I am only human, I will make mistakes. Only invest as much as you can afford to loose!

Trade active:

Price bounced off the bottom support, so I entered a small position, since we have heaps and heaps of time on this one. Lets wait if the trend continues and put more money in over time.

You can see the bounce in the daily chart

Comment:

The story so far?

Huuuuhuuuugeeeeee profits!!!!

What seemed a little risky in the beginning, turned out to be a monster trade!

Waiting for the next pullback, and then putting in some more dollars =)

Comment:

If you look into the H1 Timeframe, you will see a good entry for a nice swing right now. For more conservative traders, you better wait for a confirmation in form of a nice green candle, before you enter your positions.

Last time i checked (5 minutes ago), the bears tried to push down the price, but the bulls fought hard and the price went up. I took that as my entry trigger and went long with a small position first.

Comment:

Well well, I some profits and some losses so far. I am not sure if the trend has already turned, but I still keep it on my list and check once in a while. If I see clear signals, I will let you know!